Vontobel Holding Ltd. Has $36.16 Million Stock Position in Carrier Global Corporation $CARR

Vontobel Holding Ltd. decreased its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 18.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 493,993 shares of the company's stock after selling 108,400 shares during the period. Vontobel Holding Ltd. owned about 0.06% of Carrier Global worth $36,155,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CARR. Dempze Nancy E increased its holdings in shares of Carrier Global by 4.9% during the 2nd quarter. Dempze Nancy E now owns 50,078 shares of the company's stock worth $3,665,000 after acquiring an additional 2,319 shares during the last quarter. Massachusetts Wealth Management boosted its position in Carrier Global by 2.7% during the second quarter. Massachusetts Wealth Management now owns 21,160 shares of the company's stock worth $1,549,000 after purchasing an additional 560 shares during the period. Ignite Planners LLC boosted its position in Carrier Global by 32.6% during the second quarter. Ignite Planners LLC now owns 4,499 shares of the company's stock worth $345,000 after purchasing an additional 1,106 shares during the period. Morton Capital Management LLC CA bought a new position in Carrier Global during the second quarter worth $204,000. Finally, Valmark Advisers Inc. lifted its stake in shares of Carrier Global by 4.1% during the 2nd quarter. Valmark Advisers Inc. now owns 4,906 shares of the company's stock worth $359,000 after buying an additional 194 shares during the last quarter. Institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

CARR has been the subject of a number of research reports. Jefferies Financial Group restated a "buy" rating on shares of Carrier Global in a research note on Thursday, September 11th. Wolfe Research decreased their target price on Carrier Global from $91.00 to $77.00 and set an "outperform" rating on the stock in a research report on Friday, September 12th. Morgan Stanley decreased their target price on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Melius initiated coverage on Carrier Global in a research note on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price target for the company. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Carrier Global in a research note on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $78.47.

Carrier Global Stock Performance

NYSE:CARR opened at $59.79 on Thursday. The stock's 50-day simple moving average is $63.44 and its 200 day simple moving average is $67.34. The firm has a market capitalization of $50.88 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Wednesday, October 29th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global's payout ratio is presently 19.61%.

Carrier Global Company Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.

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